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Halal_trading

Direction of FCPO #4As we looked at the previous our TA chart. it seems that the market still can't break the resistance. But we will see on Monday, does the market will try to break the resistance or it will break the parallel channel. We have been waiting for market move from outside the parallel channel, so that we can have a better direction on short or long. But even now, we can see that the price can't break through that resistance on orange color that i have draw. the market already try to break the price so many times but still failed. so we are waiting for the price break the parallel channel. then we can have a clear direction. In a smaller time frame like 5m / 15m / 30m, if the market open and try to break the resistance, wait for the break out. if still can't break the resistance. then can focus short until parallel channel. wait for the break support. and then can continue find setup for short Remember, always entry with setup. Or else, u are in gambling industry. Happy Trade!
MYX:FCPO1!
by Karkoon
Halal way to trade the movement of the Oil prices : ETFI am a Muslim so there are issues about the halal-ness in trading CFD, particularly the Brent CFD (BCOUSD in Oanda) My solution for this is to buy an ETF that tracks oil companies (Oil companies stock price movement generally moves almost the same as the price movement of Brent and WTI). I found either FENY and XLE as great ETF for this. Unfortunately USO and UCO are tracking Brent futures. I will use the Brent price chart to determine when I will swing trade FENY or XLE ETF. Look at the chart and it is self explanatory Cool thing is sometimes FENY will perform slightly better than Brent CFD (13.87% for Brent / 16.85% for FENY for this particular timeframe)
OANDA:BCOUSDLong
by sufiansaid
2